Elutia Q2 2024 GAAP EPS $(1.14) Misses $(0.33) Estimate, Sales $6.291M Miss $6.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elutia (NASDAQ:ELUT) reported Q2 2024 GAAP EPS of $(1.14), significantly missing the $(0.33) estimate. Sales were $6.291M, also missing the $6.650M estimate. EPS decreased by 75.38% from the same period last year, and sales decreased by 0.94%.
August 07, 2024 | 10:00 pm
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Elutia reported Q2 2024 GAAP EPS of $(1.14), missing the $(0.33) estimate by a wide margin. Sales of $6.291M also missed the $6.650M estimate. EPS decreased by 75.38% YoY, and sales decreased by 0.94% YoY.
Elutia's significant miss on both EPS and sales estimates, along with a substantial YoY decrease in EPS, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100